Independent thinking for complex markets and current events
by confoundedinterest17 CC Rider! 30Y MBC Current Coupon (CC) spreads is widening. And metals are along for the ride! Gold and silver are soaring! What about Copper?
by confoundedinterest17 Constitution Avenue in Washington DC is actually becoming Tobacco Road. No, not the dysfunctional family of Georgia sharecroppers during the Great Depression, but the Treasury Borrowing Advisory Committee (TBAC). On Monday, after we got the first part of the Treasury’s Quarterly Refunding Announcement (QRA), in which the Treasury unexpectedly announced a big drop in its borrowing …